US labor productivity now runs 2.2% above trend, echoing the 1995-2004 internet boom
npew · x · 2026-09-23
US labor productivity has broken sharply above its old trend since 2020, now running 2.2% higher — after unremarkable growth through most of the 2010s. The last comparable jump was 1995–2004, when the internet added nearly 3% a year for a decade. The author argues AI's impact on productivity growth is now visible in macro data, calling it the sequel to the internet era.
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